SHANGHAI, Jun. 27 (SMM) – About 62% of 21 Chinese copper plate/sheet, strip and foil producers expect orders to stabilize in June, SMM survey shows.
Copper plate/sheet and strip industries remain in high-demand season in June and mainly favor term contracts, leaving steady orders. And downstream communication industry posts stable development.
29% respondents believe that orders will drop in June while the remaining 9% industrial insiders are optimistic over orders in June. Output fell back in May due to equipment failure but should grow in June following equipment replacement.
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